Monday 11 July 2011

Saudi Hollandi Bank Q2 net profit rises 5.1 pct | Reuters

Saudi Hollandi Bank 1040.SE, the kingdom's oldest bank, reported a 5.1 percent rise in quarterly profits on Monday, beating estimates.

The bank said it made net profit of 263.3 million riyals ($70.21 million) in the three months to end-June, up from 250.5 million riyals in the same period a year earlier.

Analysts had forecast average quarterly profit of 245 million riyals, according to a Reuters poll.


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